Pipefy

APRIL 22, 2025

Automation within the source-to-pay (S2P) cycle from sourcing to payment is redefining how businesses handle suppliers, contracts, quotes, and payments. What is Source-to-Pay (S2P)? Before we talk about making it smarter, its worth reviewing what the source-to-pay journey actually covers. Procurement automation.

Sourcing 59

Sourcing Real-time Visibility Procurement e2e 59

Spend Matters

FEBRUARY 13, 2025

However, although Utz Brands enjoys a long and successful history, Ron understood that he had to be prudent and efficient with the dollars available to invest in technology because he did not have the budget that larger competitors have to spend. The change is more of a mental process than learning to press certain buttons, he says.

Influencing 105

Influencing Procurement supply chain budgeting e2e 105

Spend Matters

MAY 1, 2025

Lack of visibility into budgets and contracts: Without real-time tracking, procurement teams risk exceeding budget allocations and violating contract terms. Integrate procurement with budgeting and contract compliance: Ensure purchases are validated against financial plans and existing contract terms in real-time.

Real-time Visibility 75

Real-time Visibility supply chain budgeting Procurement Supply Chain Optimization 75

Jaggaer

FEBRUARY 20, 2025

What is Source to Pay (S2P)? Yet in the case of source to pay, it is wholly justified. That said, many organizations, including large enterprises, may not think in terms of source to pay as an end-to-end process, if they think about it at all. Yet there are good reasons to do so.

Sourcing 52

Sourcing e2e Supply Chain Efficiency Strategic sourcing 52

Spend Matters

OCTOBER 14, 2024

and its solution for Sourcing, Contracts, Procurement, AP Automation, Vendor Onboarding, Budgets, Reporting & Analytics and Vendor Risk Management. Companies seeking support in areas across the source-to-pay (S2P) process can struggle with managing multiple tools. Here’s why Zapro.ai matters: To the market — Zapro.ai

Sourcing 117

Sourcing Budget Market analysis Risk management 117

Procurement Insights

MARCH 2, 2024

One of them was finding out what the three lowest priorities are on most IT budgets. One Final Question When it comes to IT spend, who is the primary holder of the budget? “The IT budget is typically overseen by the chief information officer (CIO) , the IT organization’s top executive. Can you guess what they are?

Budget 81

Budget Stakeholder engagement Project management Sourcing 81

Jaggaer

FEBRUARY 5, 2025

The Power of Source-to-Pay Digital Transformation To put it briefly, source-to-pay refers to the entire process that starts with finding, negotiating with, and contracting the suppliers of materials, goods and services, and culminates in the final payment for those items.

Supply Chain Efficiency 52

Supply Chain Efficiency Sourcing e2e Real-time Visibility 52

Skill Dynamics

MARCH 14, 2024

As the year draws to a close, organizations face the critical task of effectively utilizing their end-of-year Learning and Development budgets. The allocation of this budget is not a decision to be taken lightly, as it has a direct impact on the company’s growth, productivity, and talent development.

supply chain budgeting 96

supply chain budgeting Budget Raw materials Procurement team 96

Procurement Templates

MARCH 3, 2024

I asked my assistant to help me mock up a strategic sourcing framework and she did a fairly good job but made a few mistakes. By the way, when doing sourcing preparations it doesn’t mean that you can’t work on multiple parts at once and go back and forth before the tender is issued but there is a typical order.

Strategic sourcing 130

Strategic sourcing Strategic sourcing Sourcing Supply Chain Efficiency 130

Supply Chain Game Changer

MAY 27, 2022

As per the latest reports, the crypto bill for which everyone has been waiting for a lot of time has a rare possibility to be a part of the 2022-23 budget session. The post The Crypto Bill and India’s Budget! It is a matter of concern, and therefore, The government needs to launch the new cryptocurrency bill as soon as possible.

supply chain budgeting 95

supply chain budgeting Budget Supply chain Supply 95

ivalua

NOVEMBER 10, 2020

Innovating to Uncover New Sources of Revenue in the Public Sector. Step 1: Use eProcurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. 11 state central procurement offices have other sources of funding.

Sourcing 130

Sourcing Eprocurement Real-time Visibility Contract 130

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Users only see information that is relevant to them, i.e. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices.

Eprocurement 235

Eprocurement Real-time Visibility Purchase orders Budget 235

Spend Matters

APRIL 17, 2025

Also, not having a proper requirement management process negatively impacts a projects budget, schedule or quality. Making development, testing, and acceptance challenging and strenuous as there is no source of truth of what the deliverables should be. And buying the right tool starts with developing the right requirements.

Change management 111

Change management Negotiation supply chain budgeting Budget 111

ivalua

FEBRUARY 25, 2021

For example, a single-stack approach can lead to low user adoption, because the incumbent sourcing solution, for example, fails to meet the needs of various business units. . In fact, 74% of ERP implementations go Over Budget and they take longer to roll out. What is the benefit of using a single source to pay solution?

supply chain budgeting 221

supply chain budgeting Supply Chain Optimization supply chain software solutions Supply Chain Efficiency 221

Spend Matters

FEBRUARY 5, 2025

Low adoption rates: Technologies like e-sourcing have been available for years, yet adoption among companies sits at around 60%-70%. Technology alone cannot deliver change without a clear purpose (or meaning or why). And this can look even worse when considering the supplier side of the equation. Lets explore these aspects.

Procurement 115

Procurement Change management Strategy supply chain budgeting 115

ivalua

JULY 6, 2020

Some will look to outside sources for solutions and inspiration, whereas some tap into the knowledge that exists within the organization. With the base platform already implemented, the organization could easily expand its capabilities as time and budget allows. Innovation is a difficult subject for many organizations.

Innovation 246

Innovation Bidding Budget Suppliers 246

Spend Matters

MARCH 25, 2025

Many are more familiar with Amazon Business, a platform for sourcing indirect physical goods. AWS Cost Explorer and Budgets, integrating AWS Marketplace expenditures into broader financial management tools. For procurement professionals, AWS Marketplace might not be the first thing that comes to mind when thinking about Amazon.

Procurement solutions 97

Procurement solutions Procurement Purchase orders Data 97

IBM Supply Chain Blog

JANUARY 31, 2024

Sourcing isn’t just a concern for procurement teams. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers. The sourcing process sits within supply chain management and is used for identifying, vetting and selecting the best suppliers.

Sourcing 91

Sourcing supply chain budgeting Supply Chain Efficiency Agile and Lean Supply Chain 91

Spend Matters

MARCH 25, 2025

However, the reality is that stakeholders, including budget owners, business units, etc., Procurement teams should also establish transparent governance structures that define decision-making authority, clarify procurements involvement in budgeting and supplier selection and outline compliance and performance tracking expectations.

Stakeholder engagement 96

Stakeholder engagement Management Procurement Influencing 96

Spend Matters

JUNE 5, 2023

Categories: Procurement Systems & Architecture , Source to Pay Tags: PRO In this Spend Matters Vendor Analysis, we provide an overview of ebidtopay and its source-to-pay solution. The S2P process is complex and hard to track due to the number of systems, steps and departments involved. Read more. )

Market analysis 98

Market analysis Sourcing Budget Buyers 98

ivalua

SEPTEMBER 13, 2020

For organizations, this means employees can easily and quickly buy all the goods and services need from preferred contracts, ensures they stay within budget and work with required approvals. Buying at negotiated prices and within budget. Benefits: 100% of spend analyzed; 2000 sourcing events executed. Case in Point.

e2e 204

e2e Procurement Budget Contract 204

Spend Matters

MAY 6, 2025

Reducing the total cost of procurement through supplier negotiations and sourcing strategies. By integrating procurement insights into budgeting, forecasting and financial reporting, organizations can: Improve cash flow predictability by incorporating real-time supplier cost data.

Supply Chain Optimization 80

Supply Chain Optimization Real-time Visibility Supply Chain Efficiency Procurement 80

Skill Dynamics

JANUARY 14, 2025

A typical procurement competency framework covers several key areas, including but not limited to strategic sourcing, supplier management, risk management, and contract negotiation. Core Competencies in the Procurement Framework Sourcing Involves identifying and evaluating the best suppliers to secure high-quality goods and services.

Procurement 59

Procurement supply chain budgeting Procurement team Supply Chain Efficiency 59

Procurement Insights

JANUARY 3, 2025

Here’s a breakdown of the shifts over this period: 2011: Procurement as a Tactical Function Primary Focus on Cost Savings : In 2011, CFOs largely viewed procurement as a cost-control function , tasked with negotiating contracts, reducing spend, and maintaining compliance with budgets.

Agile and Lean Supply Chain 52

Agile and Lean Supply Chain supply chain budgeting Supply Chain Efficiency Procurement 52

SCMDOJO

DECEMBER 14, 2023

In the global world of businesses, companies often seek help from sourcing agencies to figure out how to get the things they need. But what’s a sourcing agency or sourcing agent and how does it make buying things easier? Let’s explore this world of sourcing agencies and understand what they do.

Sourcing 99

Sourcing Supply Chain Efficiency Supply Chain Optimization Agile and Lean Supply Chain 99

IBM Supply Chain Blog

SEPTEMBER 27, 2023

There are two types of these generative AI models: proprietary large language models and open source large language models. On the other hand, open source LLMs are free and available for anyone to access, use for any purpose, modify and distribute. What are the benefits of open source LLMs?

Sourcing 91

Sourcing Risk Data Ethics 91

Procurement Tactics

OCTOBER 18, 2022

Many companies benefit from the software as it offers improved visibility into the supply chain and enables cost traceability for enhanced budget management. . It is a unified procurement platform that helps companies in driving efficiency for direct and indirect procurement designed to automate all source-to-pay processes.

Supplier relationship management 181

Supplier relationship management supply chain software solutions Suppliers Management 181

Jaggaer

MAY 16, 2025

In many industries, procurement is responsible for managing significant budgets which means it holds a key lever for business performance. Procurement teams now include specialists such as category managers with deep market knowledge who drive sourcing events and significantly impact the companys bottom line.

supply chain budgeting 52

supply chain budgeting Procurement Agile and Lean Supply Chain Supply Chain Optimization 52

Jaggaer

MARCH 20, 2025

Community colleges, public universities, and private institutions alike must navigate the potential for budget cuts, shifts in federal aid programs, and changing regulatory requirements. Budget Shortfalls First, the good news. Here are seven challenges that your institution might be tackling: 1.

supply chain budgeting 52

supply chain budgeting Procurement Budget Supply Chain Efficiency 52

Procurement Tactics

MARCH 16, 2023

It aims to ensure that the goods and services that the business needs are delivered on time and purchased within the budget. Strategic Sourcing Strategic sourcing assesses the patterns of business spending in order to find and choose the best suppliers that align with your business goals and objectives. Why is it important?

Procurement 238

Procurement Procurement strategies supply chain budgeting Contract management 238

Spend Matters

FEBRUARY 25, 2025

For example, many reports show that the adoption of e-sourcing by best-in-class companies has stagnated at 60% – 70% since 2007. Sourcing alone involves the many and often manual processes for RFxs, like RFIs, RFPs, RFQs, etc. However, adoption (by teams, by stakeholders, by suppliers) is not a reality for most organizations.

Real-time Visibility 116

Real-time Visibility e2e Procurement Negotiation 116

Procurement Tactics

DECEMBER 6, 2022

Although spend management is commonly executed by procurement, it impacts many internal and external stakeholders of a company concerned with budgeting and planning the company’s future profitability. . Just like budgeting at home, a household allocates a budget in which spending and savings are addressed for the full month.

Spend management 172

Spend management Management Real-time Visibility Budget 172

Procurement Tactics

JANUARY 12, 2023

In procurement, many companies freelance procurement professionals to support or help them optimize their sourcing and procurement processes. Additionally, if you are going to search online for freelance procurement professionals, you must have a budget for it. Sourcing Specialist. Common Jobs Mostly Freelanced in Procurement.

Procurement 187

Procurement Raw materials Sourcing Suppliers 187

Procurement Tactics

JULY 2, 2023

Budget Control When it comes to maintaining budgetary control throughout the entire procurement process, job orders are crucial. Managers and businesses may be able to monitor their expenditures in comparison with the approved and allocated budget by indicating expected costs and financial parameters in a job order. A clear budget 4.

supply chain budgeting 184

supply chain budgeting Supply Chain Efficiency Negotiation Budget 184

Procurement Insights

MAY 8, 2025

AI solution providers, while innovative, often require significant customization to fit procurement needs, which can lead to slower adoption60% of procurement leaders cite budget constraints as a barrier to automation (Procurement Magazine, January 2025). For deep sourcing and end-to-end orchestration: GEP and Zycus.

Supplier relationship management 83

Supplier relationship management Contract Procurement Innovation 83

Spend Matters

FEBRUARY 27, 2025

If all you have is an ERP system and no budget, you have to make the most of what you have, and Ive seen this in some companies. Even though the AI and automation tools of today can make it an easier exercise providing you have the budget its crucial that you get your data in order first. Dirty data will only sabotage your mission.

Procurement 75

Procurement Real-time Visibility Change management Data 75

Procurement Tactics

JUNE 28, 2023

Budget and Cost Control Procurement expenditures, monitoring variations in the cost and identifying opportunities for savings, and avoiding unnecessary costs shall be monitored in accordance with the approved budget. It also has a great budgeting toolkit that simplifies the planning and management of expenses.

Supply Chain Efficiency 178

Supply Chain Efficiency Procurement supply chain software solutions supply chain budgeting 178